Traveling can be expensive, and to protect yourself financially, you may want to invest in travel insurance. This type of coverage kicks in if the trip gets canceled, but it also helps to protect you from potential mishaps on the road. Whether you’re going on a solo trip or a group adventure, here’s why you should definitely get travel insurance and a few tips to help you find the best policy for your needs.
The value of travel insurance starts before you take off on your solo adventure. These policies often cover issues such as flights canceled due to storms, cruises canceled due to domestic disturbances, or similar problems. They often offer coverage that goes above and beyond what is offered by the company from which you purchased the tickets.
Additionally, top notch travel insurance policies also offer coverage if you cancel for any reason. For instance, with an any-type-of-cancellation policy, you could potentially get a refund on your travel expenses if you have to cancel the trip because your babysitter got ill, a family member needs help, or for similar personal reasons.
Unfortunately, sometimes when you’re traveling, illness can happen, and if you want to ensure that you avoid racking up hospital bills in foreign countries, you need travel insurance that covers health-related issues. In the very rare case that you may have to cut your trip short due to an illness, you should also book coverage that covers the cost of getting back home. That way, whether you’re rock climbing, trying the local cuisine, or doing anything else that could be potentially risky, you can rest assured that you are covered.
When reviewing travel insurance policies, make sure to pay attention to whether or not the policy covers pre-existing conditions. You may also want to look for coverage that includes mental and psychological issues as well as physical conditions.
Premiums, Deductions, and Limits
On a basic level, travel insurance for a solo trip works just like any other type of insurance. First, you pay a premium up front for your coverage. Then, if something happens and you need to make a claim, you may also have to pay a deductible. Finally, the insurer may have limits on the amount of coverage. For instance, the policy may cover medical costs up to $1 million but not beyond that. When comparing different policies, make sure to keep these three elements in mind.
Finally, many travel insurance policies offer lots of little extras that can be extremely useful when you’re on the road. That includes coverage for lost luggage, rebanking frequent flyer miles if you have to cancel, and 24-hour concierge services.
When you’re on a solo trip, you need travel insurance more than ever because you don’t have other travelers to fall back on in the event of an emergency. At Adventures for Solo Travelers, we offer group trips for solo travelers. That gives you the advantages of traveling with a group, even if you’re on your own. To book a trip or to learn more about travel insurance, contact us today.